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Tag Archives: Chinas

Hong Kong Blockchain Startup Hires China’s Bitcoin Evangelist After He “Quits”

Although China has continued to relentlessly clamp down certain subsets of the crypto industry, the nation’s blockchain scene continues to swell at an unbridled pace, backed by hotshot entrepreneurs, billions in Renminbi (China’s currency), and world-renowned incubators and venture capital consortiums. Most recently, a notable Chinese blockchain startup hired a legendary Bitcoin investor, accentuating that this industry is far from ...

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China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization

A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry. The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology and Industry Development Forum ...

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Another Warning From China’s Central Bank on Cryptocurrency Risks

Very few positive stories come out of China with cryptocurrency in the headlines. This one is no different as the central bank has continued with its rhetoric over the risks of dealing with digital currencies. Same Old Story; Crypto Bad, Blockchain Good The People’s Bank of China has issued another warning over its perceived bubble effect associated with cryptocurrency investing. ...

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China’s Central Bank Issues Warning Against Blockchain Investment ‘Bubble’

China’s central bank, the People’s Bank of China (PBoC), has warned of “bubbles” in blockchain-related financing and investment, Reuters reported Nov. 6. The PBoC, which is known for its anti-cryptocurrency stance, has reportedly advised that the government strengthen its supervision of “speculation, market manipulation and other irregularities,” which it claims are common in domestic blockchain investment and financing schemes. Local ...

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Mining Pool of China’s Oldest Bitcoin Exchange BTCC to See ‘Indefinite’ Closure

BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining activities in 2014, is shutting down due to unknown “business adjustments,” the company wrote, without giving details about the circumstances that led to the decision. Today’s statement ...

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Substratum Announces New Type of Crypto Exchange, beats China’s Great Firewall

Exchanges can currently be divided into two distinct categories, centralized such as Coinbase or decentralized such as IDEX. A hybrid may be on the horizon, however, from the founder of Substratum. A Distributed and DEX Combo According to PR Newswire Substratum has announced the development of Amplify Exchange, its new-fangled combination of distributed and decentralized exchange. It aims to provide ...

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China’s Central Bank Slams Blockchain Investment ‘Bubble’

Twitter Facebook LinkedIn China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank of China, the country’s central bank, published a working paper titled ‘What can a blockchain do and cannot do?’ on Tuesday. An early analysis of the working paper by CCN ...

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China’s Central Bank Wants to Put the Damper Airdrops: Report

The People’s Bank of China (PBoC), China’s central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of “disguised” Initial Coin Offerings (ICO), including the free distribution ...

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China’s Central Bank Extends Its Regulatory Scrutiny to Crypto ‘Airdrops’

China’s central bank, the People’s Bank of China (PBoC), has widened its scrutiny to include token airdrops, which it characterized as “disguised” Initial Coin Offerings (ICOs) in its 2018 financial stability report, published Nov. 2. Using by now familiar rhetoric, the report reiterates the bank’s stringently anti-ICO and crypto trading stance, defining the former as “illegal” fundraising, and pointing to ...

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Bitcoin Falls to 19th[!] in China’s Latest Blockchain Rankings

Twitter Facebook LinkedIn A latest blockchain ranking report has put Bitcoin behind the new blockchain projects like EOS and Ethereum. The 6th Global Public Blockchain Technology Assessment Index, published by the China Electronic Information Industry Development (CCID), a government organization, listed bitcoin at the 19th position according to technological merits. At the same time, blockchain projects that surfaced after bitcoin ...

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